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3_CIT - Assumption University Corporate Income Tax 1...

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Assumption University Corporate Income Tax 1. Principle of Corporate Income Tax Definition of Corporate Corporate income tax base (Taxable income) Net profit Income before deducting expenses Profit remittance Payment of assessable income to abroad. Corporate income tax rate 30%, 25%, 15%, 10% of net profit 5% of income before deducting expenses 0% (BOI Company) Wittaya Ekwirunphon Page 1
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Assumption University Corporate Income Tax 2. Corporate Income Tax Computation Condition for the calculation of net profit Prohibited expenses 3. Corporate Income Tax Payment and Submission Half year corporate income tax Annual corporate income tax Wittaya Ekwirunphon Page 2
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Corporate Income Tax (CIT) is a direct tax levied on a juristic company or partnership which is established under Thai or foreign law and carries on business in Thailand or derive certain types of income from Thailand. Assumption University Corporate Income Tax Wittaya Ekwirunphon Page 3
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